EUR/USD - Is Trading to the Upside With Weak Momentum - 09/19/2017 (GMT)

The common currency pair is posting the seven-straight positive month, however, now is developing near its opening price on the monthly timeframe. Moreover, the price added more than 11% to its performance since February. The price now is approaching the 1.2000 strong psychological level and if the price climbs above it will open the way for 1.2090.

From the technical point of view, the single currency climbed above the 50-month SMA against the U.S. dollar, as well as is trading above the 50-day SMA. On the daily timeframe, the RSI indicator is sloping to the upside, whilst the MACD oscillator is developing below the trigger line.